Olympic Entertainment Group

Olympic Entertainment Group (OEG) is an Estonian concern which focuses on entertainment business. The Group is the leading provider of gaming services in Baltic States and also operates casinos in Italy, Malta and Slovakia.[1]

History

In March 2018, the Luxembourg-based holding Novalpina, through its subsidiary Odyssey Europe AS, offered to buy all the shares of Olympic Entertainment Group.[2] The takeover bid, which reached 288 million euros, was accepted by the board of OEG.[3] The company was delisted from the Nasdaq Tallinn in October 2018,[4] and a new CEO, Corey Plummer, was appointed the following month.[5]

In April 2020, OEG signed an exclusive deal with GGNetwork.[6]

Description

As of December 2018, the Group had a total of 114 casinos and 23 betting points: 24 casinos in Estonia, 52 in Latvia, 17 in Lithuania, 6 in Slovakia, 14 in Italy and 1 in Malta.[1]

As of 2019, by revenue of 30 million euros, the Group is 8th in Estonia.[7]

The Group is employed 2852 people in 6 countries.[1]

The Group has been in main list of Nasdaq Tallinn.

References
  1. "Corporate Profile". Olympic Entertainment Group. Retrieved 27 March 2020.
  2. ERR (2018-03-19). "Novalpina subsidiary to buy Olympic Entertainment for €288.4 million". ERR. Retrieved 2020-09-07.
  3. "Olympic Entertainment Group accepts €288m takeover bid". CalvinAyre.com. 2018-03-21. Retrieved 2020-09-07.
  4. "New journey begins for Olympic Entertainment as Odyssey completes takeover". SBC News. 2018-10-17. Retrieved 2020-09-07.
  5. AS, Olympic Entertainment Group (2018-11-05). "Olympic Entertainment Group announces changes to Management Board, Corey Plummer to become new CEO". GlobeNewswire News Room. Retrieved 2020-09-07.
  6. Miller, George. "OlyBet joins the world's largest poker network as of April 30, 2020". Retrieved 2020-09-07.
  7. "Suured kasvasid suuremaks". majandus24.ee (in Estonian). 25 October 2018. Retrieved 27 March 2020.
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